Carpenter TechnologyCRS
Market Cap: 6.98B
About: Carpenter Technology Corp supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. The company's segment includes Specialty Alloys Operations and Performance Engineered Products. It generates maximum revenue from the Specialty Alloys Operations segment. The SAO segment is comprised of the company's major premium alloy and stainless steel manufacturing operations. This includes operations performed at mills primarily in Reading and Latrobe, Pennsylvania, and surrounding areas as well as South Carolina and Alabama.
Employees: 4,500
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
80% more funds holding in top 10
Funds holding in top 10: 5 [Q4 2023] → 9 (+4) [Q1 2024]
65% more call options, than puts
Call options by funds: $12.8M | Put options by funds: $7.78M
1% more capital invested
Capital invested by funds: $3.24B [Q4 2023] → $3.27B (+$27.8M) [Q1 2024]
0.16% more ownership
Funds ownership: 92.89% [Q4 2023] → 93.05% (+0.16%) [Q1 2024]
3% less funds holding
Funds holding: 300 [Q4 2023] → 290 (-10) [Q1 2024]
19% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 54
19% less repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 118
Research analyst outlook
7 Wall Street Analysts provided 1 year price forecasts over the past 6 months
7 analyst ratings
Benchmark Josh Sullivan | 24%upside $175 | Buy Maintained | 26 Jul 2024 |
Deutsche Bank Scott Deuschle | 2%upside $144 | Buy Initiated | 25 Jun 2024 |
Northcoast Research Chris Olin | 37%downside $89 | Sell Downgraded | 14 Jun 2024 |
TD Cowen Gautam Khanna | 11%downside $125 | Buy Maintained | 10 Jun 2024 |
Benchmark Josh Sullivan | 1%downside $140 | Buy Reiterated | 28 May 2024 |
Financial journalist opinion
Based on 13 articles about CRS published over the past 30 days